10 Mistakes Buyer Make
Top Ten Mistakes That Buyer's Make
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Mistake #1: Lack of background information: Knowing what you are up against is your greatest defense on getting the best deal. In this age of Information technology, almost everything can be accessed through the internet.
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Mistake #2: Basing one's investment on hearsay: The market fluctuates everyday. Do not try to base your decisions on rumours and friendly chat, definitely not when you buying a property. Buy what is just right for your family.
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Mistake #3: Poor location: Where your ideal property will be located will depend on you. You might get blinded by the superb interior of the house, and yet forget that it is on one the busiest and most dangerous streets in the city. Or facing one of the busiest religious institution in Singapore.
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Mistake #4: Placing design over function and necessity: What does your family need in a house? The house may look grand and very chic but the rooms are too small to accommodate your needs.
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Mistake #5: Skipping professional inspection: If you want to know the exact condition of the whole property that you want to buy, you have to get the help of a professional to avoid any unnecessary surprises.
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Mistake #6: Not researching on the reputation of your builder: It is important to know how your builder works by getting feedback from his previous clients, usually your neighbors. It is also a great way to check out your neighborhood.
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Mistake #7: Impatience: If you want the best deal, you have to practice a little bit of patience. A good price on a property doesn’t necessarily mean good condition. Buying a house needs time to finish. Impulsive decisions always lead to a lot of regret in the end.
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Mistake #8: Taking too long to decide: You try to wait for a better deal on the market but end up paying more for it. It is always best to check the previous trends in market to be able to predict its future standing to be able to make a sound decision.
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Mistake #9: Not buying at all: If you can afford to buy one right now, and you have found the perfect home, grab the opportunity now. You may never get the same great deal again.
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Mistake #10: Timing the market: no one will know for sure, when the market is going up or down. The key to protecting your interest is to ensure that you do your due research on properties with potential upside, manage your risk, and never speculate!
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